2020/03/06
Hard rock picks -- demand remains sluggish, thermal coal will continue to decline
Domestic thermal coal prices remain weak, and the oversupply situation is difficult to change in the long term. Coal mine output continues to grow seasonally in the first quarter, and overall coal supply is sufficient. At the same time, affected by sluggish demand, domestic thermal coal market prices will continue to decline. Earlier, thermal coal prices rose rapidly, but the actual prices of market acceptance were far lower than the quotations of coal enterprises. The annual long-term agreement negotiation has come to an end, and the "fixed quantity, not fixed price" model is still the main method for settlement in 2014. The fixed price model predicted earlier was lost due to the large difference in target prices between buyers and sellers. Under the loose situation of coal supply and demand
2020/03/06
Since its official launch on January 1, 2013, the platform has completed 8.076 million tons of online coal transactions, with a turnover of 4.17 billion yuan, accounting for 7.9% of the company's self-produced coal sales and revenue. The average daily turnover is nearly 14 million yuan, and the number of members has surged from over 200 at the initial launch to 574. This marks the Shandong Energy Coal Marketing E-commerce Platform's gradual achievement of mature operation. Recently, Zhai Suoxiu, deputy chief economist of Shandong Energy Group and director of the Coal Marketing Center, said. According to the staff of the center, "the trading center has subverted the traditional coal marketing of 'cash on delivery'
2020/03/06
Hard rock pick - Coal industry picture news
In the fourth quarter of 2013, the China Coal Industry Business Climate Index was 96.6, remaining flat for three consecutive quarters; the China Coal Industry Early Warning Index was 63.3, remaining flat for four consecutive quarters.
2020/02/14
Hard rock picks - the Twelfth Five-Year Plan promotes the development of coal in Shaanxi
On January 17, 2014, Shaanxi Coal Industry Co., Ltd. (hereinafter referred to as "Shaanxi Coal Industry" or "the Company"), known as the "China Western Coal Carrier," completed its online subscription and determined its issuance Price. Currently, the western coal carrier is about to land on the Chinese capital market. Currently, China's energy strategy is in the process of moving westward. The "2004-2020 National Energy Medium- and Long-Term Development Plan Outline" clearly proposes a coal development policy of "controlling the east, stabilizing the central region, and developing the west," and determines an energy strategic pattern of "coal as the main body and electricity as the center." Shaanxi Province, as a representative of the west, has abundant coal resources
2020/02/14
On January 24, the National Energy Administration (NEA) released its 2014 energy work guidelines. The guidelines outline four main objectives: improving energy efficiency; optimizing energy structure; enhancing energy production capacity; and controlling energy consumption. The guidelines also set out ten key tasks for 2014 energy work: (1) Transforming energy consumption patterns and controlling the rapid growth of energy consumption; (2) Seriously implementing measures for air pollution control and promoting energy structure optimization; (3) Vigorously developing clean energy and promoting green energy development; (4) Accelerating the development of oil and natural gas and improving safety and security capabilities.
2020/02/14
Hard rock picks - coal prices fall again, coal-electricity linkage in doubt
With the conclusion of annual thermal coal contract negotiations and the Lunar New Year approaching, the price of thermal coal, which had soared at the end of 2013, has once again experienced a significant collective drop. According to the coal-electricity price linkage mechanism, when the fluctuation in the price of thermal coal exceeds 5%, the on-grid electricity price should be adjusted accordingly. However, no signs of adjusting the on-grid electricity price have been shown since the beginning of the year. Power industry analysts interviewed by the Shanghai Securities News reporter indicated that it may be necessary to wait until March or April 2014 to determine whether the coal-electricity price linkage will be initiated. According to coal market analysts, the new coal sales Price of Shenhua Group, which came into effect on the 24th, is 55...

